UAE’s ADNOC is engaged in advanced talks to acquire select BP gas assets, including LNG and midstream infrastructure.
ADNOC CEO Sultan Al Jaber regards the deal as part of a broader Emirati strategy, aimed at consolidating transitional gas assets and expanding global LNG reach while leveraging its sovereign investment vehicle XRG.
This note explores ADNOC-BP acquisition deal, including:
- ADNOC’s detailed offer
- Role of XRG in acquiring decarbonization-ready infrastructure
- Targeted gas markets using BP’s acquired assets
